Olyv has raised ₹57.62 crore in an extended Series C round. Nippon India Digital led the investment, and existing backer Fundamentum also participated. The Bengaluru-based company runs an online lending marketplace for small personal loans.
Funding details
The company allotted 25,057 compulsorily convertible preference shares and 10 equity shares at an issue price of ₹22,985.82 per share. Nippon India Digital invested ₹50 crore, while Fundamentum contributed ₹7.62 crore. The new funding appears to be an extension of the same Series C round at a flat valuation of ₹1,104 crore.
Company background
Olyv was founded in 2015. It operates through a website and a mobile application. The platform digitally connects borrowers with lenders.
What the platform offers
The company provides unsecured personal loans. Its focus is small-ticket lending. The service targets micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, and salaried professionals.
After the latest allotment, Nippon India Digital holds a 4.53% stake in Olyv. Fundamentum owns a 12.47% stake. The company reported operating revenue of ₹338 crore in FY25 and a net profit of ₹26 crore.
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